SOLUTION: Rob wants to buy a new canoe that will cost $720. How many months will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current
ca
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Rob wants to buy a new canoe that will cost $720. How many months will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current
ca
Log On
Question 1168348: Rob wants to buy a new canoe that will cost $720. How many months will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current
cash outflows are $360 a month? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! He gains $60 a month in cash ($420-$360)
if he buys nothing else, $720/$60/month=12 months it will take
